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Loans (Tables)

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Schedule of segments of loans

The segments of loans are as follows (in thousands):

		At June 30,				At December 31,
		2014				2013
Residential real estate		$	22,067			$	26,468
Multi-family real estate			3,542				3,605
Commercial real estate			28,297				27,883
Land and construction			6,234				6,459
Commercial			13,409				16,584
Consumer			25				81
Total loans			73,574				81,080
Add (deduct):
Net deferred loan fees, costs and premiums			216				380
Allowance for loan losses			(2,238	)			(2,211	)
Loans, net		$	71,552			$	79,249

Schedule of activity in the allowance for loan losses

An analysis of the change in the allowance for loan losses follows (in thousands):

		Residential				Multi- Family				Commercial				Land
		Real				Real				Real				and
		Estate				Estate				Estate				Construction				Commercial				Consumer				Unallocated				Total
Three Months Ended June 30, 2014:
Beginning balance		$	51			$	6			$	1,111			$	451			$	80			$	—			$	514			$	2,213
Provision (credit) for loan losses			(16	)			—				158				(19	)			(14	)			(3	)			(106	)			—
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			20				1				1				—				—				3				—				25
Ending balance		$	55			$	7			$	1,270			$	432			$	66			$	—			$	408			$	2,238
Six Months Ended June 30, 2014:
Beginning balance		$	49			$	4			$	934			$	459			$	61			$	—			$	704			$	2,211
Provision (credit) for loan losses			(14	)			2				336				(27	)			5				(6	)			(296	)			—
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			20				1				—				—				—				6				—				27
Ending balance		$	55			$	7			$	1,270			$	432			$	66			$	—			$	408			$	2,238
Three Months Ended June 30, 2013:
Beginning balance		$	369			$	43			$	1,742			$	130			$	256			$	—			$				$	2,540
Provision (credit) for loan losses			(27	)			(27	)			1,018				(162	)			23				(3	)							822
Charge-offs			—				—				(950	)			—				—				—				—				(950	)
Recoveries			—				—				100				72				—				3				—				175
Ending balance		$	342			$	16			$	1,910			$	40			$	279			$	—			$				$	2,587
Six Months Ended June 30, 2013:
Beginning balance		$	434			$	267			$	1,372			$	166			$	216			$	4			$	—			$	2,459
Provision (credit) for loan losses			5				(251	)			2,585				(198	)			63				(10	)			—				2,194
Charge-offs			(97	)			—				(2,147	)			—				—				—				—				(2,244	)
Recoveries			—				—				100				72				—				6				—				178
Ending balance		$	342			$	16			$	1,910			$	40			$	279			$	0			$	—			$	2,587

		Residential				Multi- Family				Commercial				Land
		Real				Real				Real				and
		Estate				Estate				Estate				Construction				Commercial				Consumer				Unallocated				Total
At June 30, 2014:
Individually evaluated for impairment:
Recorded investment		$	5,140			$	—			$	4,146			$	—			$	1,183			$	—			$	—			$	10,469
Balance in allowance for loan losses		$	—			$	—			$	17			$	—			$	—			$	—			$	—			$	17
Collectively evaluated for impairment:
Recorded investment		$	16,927			$	3,542			$	24,151			$	6,234			$	12,226			$	25			$	—			$	63,105
Balance in allowance for loan losses		$	55			$	7			$	1,270			$	415			$	66			$	—			$	408			$	2,221
At December 31, 2013:
Individually evaluated for impairment:
Recorded investment		$	7,100			$	—			$	5,227			$	—			$	1,216			$	—			$	—			$	13,543
Balance in allowance for loan losses		$	—			$	—			$	192			$	—			$	—			$	—			$	—			$	192
Collectively evaluated for impairment:
Recorded investment		$	19,368			$	3,605			$	22,656			$	6,459			$	15,368			$	81			$	—			$	67,537
Balance in allowance for loan losses		$	49			$	4			$	742			$	458			$	61			$	—			$	705			$	2,019

Schedule of loans by credit quality indicator

The following summarizes the loan credit quality (in thousands):

						Other Loans
						Especially
		Pass				Mentioned				Substandard				Doubtful				Loss				Total
At June 30, 2014:
Residential real estate		$	15,653			$	—			$	6,414			$	—			$	—			$	22,067
Multi-family real estate			3,542				—				—				—				—				3,542
Commercial real estate			25,407				616				2,274				—				—				28,297
Land and construction			4,278				1,956				—				—				—				6,234
Commercial			8,507				—				4,902				—				—				13,409
Consumer			25				—				—				—				—				25
Total		$	57,412			$	2,572			$	13,590			$	—			$	—			$	73,574
At December 31, 2013:
Residential real estate		$	18,260			$	1,290			$	6,918			$	—			$	—			$	26,468
Multi-family real estate			3,605				—				—				—				—				3,605
Commercial real estate			18,544				2,539				6,800				—				—				27,883
Land and construction			4,493				1,966				—				—				—				6,459
Commercial			13,056				546				2,982				—				—				16,584
Consumer			81				—				—				—				—				81
Total		$	58,039			$	6,341			$	16,700			$	—			$	—			$	81,080

Schedule of aging analysis of past due loans

Age analysis of past-due loans is as follows (in thousands):

		Accruing Loans
										Greater
		30-59				60-89				Than 90
		Days				Days				Days				Total								Nonaccrual				Total
		Past Due				Past Due				Past Due				Past Due				Current				Loans				Loans
At June 30, 2014:
Residential real estate		$	—			$	—			$	—			$	—			$	19,699			$	2,368			$	22,067
Multi-family real estate			—				—				—				—				3,542				—				3,542
Commercial real estate			—				—				—				—				27,217				1,080				28,297
Land and construction			—				—				—				—				6,234				—				6,234
Commercial			—				—				—				—				12,226				1,183				13,409
Consumer			—				—				—				—				25				—				25
Total		$	—			$	—			$	—			$	—			$	68,943			$	4,631			$	73,574
At December 31, 2013:
Residential real estate		$	1,290			$	—			$	—			$	1,290			$	20,895			$	4,283			$	26,468
Multi-family real estate			—				—				—				—				3,605				—				3,605
Commercial real estate			—				—				—				—				24,565				3,318				27,883
Land and construction			—				—				—				—				6,459				—				6,459
Commercial			281				—				—				281				15,087				1,216				16,584
Consumer			—				—				—				—				81				—				81
Total		$	1,571			$	—			$	—			$	1,571			$	70,692			$	8,817			$	81,080

Schedule of impaired loans

The following summarizes the amount of impaired loans (in thousands):

		At June 30, 2014												At December 31, 2013
						Unpaid												Unpaid
		Recorded				Principal				Related				Recorded				Principal				Related
		Investment				Balance				Allowance				Investment				Balance				Allowance
With no related allowance recorded:
Residential real estate		$	5,140			$	5,647			$	—			$	7,100			$	7,607			$	—
Commercial real estate			—				—				—				4,128				4,534				—
Commercial			1,183				1,425				—				1,216				1,458				—
With an allowance recorded-
Commercial real estate		$	4,146			$	5,960			$	17			$	1,099			$	2,913			$	192
Total:
Residential real estate		$	5,140			$	5,647			$	—			$	7,100			$	7,607			$	—
Commercial real estate		$	4,146			$	5,960			$	17			$	5,227			$	7,447			$	192
Commercial		$	1,183			$	1,425			$	—			$	1,216			$	1,458			$	—
Total		$	10,469			$	13,032			$	17			$	13,543			$	16,512			$	192

The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands):

		Three Months Ended June 30,
		2014												2013
		Average				Interest				Interest				Average				Interest				Interest
		Recorded				Income				Income				Recorded				Income				Income
		Investment				Recognized				Received				Investment				Recognized				Received
Residential real estate		$	6,914			$	302			$	80			$	7,370			$	56			$	93
Commercial real estate		$	6,066			$	116			$	54			$	9,579			$	—			$	68
Land and construction		$	—			$	—			$	—			$	568			$	—			$	11
Commercial		$	1,202			$	—			$	16			$	—			$	—			$	—
Total		$	14,182			$	418			$	150			$	17,517			$	56			$	172

		Six Months Ended June 30,
		2014												2013
		Average				Interest				Interest				Average				Interest				Interest
		Recorded				Income				Income				Recorded				Income				Income
		Investment				Recognized				Received				Investment				Recognized				Received
Residential real estate		$	6,959			$	351			$	198			$	7,445			$	152			$	219
Commercial real estate		$	4,756			$	138			$	76			$	10,206			$	—			$	113
Land and construction		$	—			$	—			$	—			$	717			$	—			$	26
Commercial		$	1,313			$	—			$	33			$	—			$	—			$	—
Total		$	13,028			$	489			$	307			$	18,368			$	152			$	358

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524



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-Section 55

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Tabular disclosure of impaired financing receivables.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

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-Publisher SEC

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